January 1, 2008....A very important date

[TicToc]

Myself and my Family have been devastated by this "hire/rehire" date......

There's strength in numbers....

 

[baklava]

Myself and my Family have been devastated by this "hire/rehire" date......

There's strength in numbers....

Care to elaborate? I know nothing about it but now I'm intrigued.

 

[TicToc]

It's the difference between the original UPS Defined Retirement plan and the UPS PAF Retirement Plan...

 

[Indecisi0n]

United we stand...sometimes.

 

[upschuck]

I am feeling more secure that my pension will actually be there when I retire.

 

[IVE GOTTA PACKAGE 4U]

I am feeling more secure that my pension will actually be there when I retire.

I'm not

 

[upschuck]

I'm not

Maybe you guys will get lucky next contract.

 

[IVE GOTTA PACKAGE 4U]

Maybe you guys will get lucky next contract.

And declare another impasse?

 

[upschuck]

And declare another impasse?

If that is what it takes.

 

[IVE GOTTA PACKAGE 4U]

If that is what it takes.

And we get nothing... Again.

 

[upschuck]

And we get nothing... Again.

And much deserved.

 

[sailfish]

I've considered staying part-time just so all my pension comes from the UPS one instead of being pimped around like the Teamster funds.

 

[UpstateNYUPSer(Ret)]

I've considered staying part-time just so all my pension comes from the UPS one instead of being pimped around like the Teamster funds.

...or you could go full time, max out your 401k and not have to worry whether the pension will be there or not...

 

[sailfish]

...or you could go full time, max out your 401k and not have to worry whether the pension will be there or not...

You mean by doing the full 35%? I've been doing 10% so far.

 

[UpstateNYUPSer(Ret)]

You mean by doing the full 35%? I've been doing 10% so far.

You are allowed to set aside up to a limit set by the IRS. I believe it is $18K for 2016. 35% may be tough, but if you can start at 10% and then increase that every time you get a pay raise, you would have a very healthy balance when it is time to retire.

My point was don't let an uncertain pension deter from you going full time.

 

[Brownslave688]

...or you could go full time, max out your 401k and not have to worry whether the pension will be there or not...

Speaking from experience?

 

[Brownslave688]

You mean by doing the full 35%? I've been doing 10% so far.

20% should max out your 401k at full scale. Or come very very close.

 

[IVE GOTTA PACKAGE 4U]

20% should max out your 401k at full scale. Or come very very close.

Of you make 90k that would do it.

 

[TicToc]

Having been a Teamster for 10 years, my Teamster portion is the only part that will pay decent for years of service, I am grateful for this.
When I went into Management (not sure how this will be reacted too) it was still on a "promise and a handshake", and I was proud to be a Full Time Supervisor for Automotive.
Now my count down is on and everything from UPS was "rewritten" with January 1, 2008 being the "Date" to take away from everyone affected.....

 

[IVE GOTTA PACKAGE 4U]

I've considered staying part-time just so all my pension comes from the UPS one instead of being pimped around like the Teamster funds.

Some of our guy stay part time because they make more money per hour.